A $240-Billion-a-Day Market Is Leaving London Ahead of Brexit

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John Roe of LGIM discusses BrokerTec moving its operation out of London due to Brexit.Source: Bloomberg)

The City of London is being dealt another Brexit blow.

CME Group Inc. is moving its European market for short-term financing, the largest in the region, out of London because the exchange operator wants to guarantee continental firms can continue to use it if there is a no-deal Brexit.